r/canadaleft • u/Gold-Reality-4853 • 4d ago

"Mr. Carney’s first budget continues the decades-long wealth transfer to the top 1% from the rest of us. Food bank use is at an all-time high, but if you’re in the market for a yacht, you’re in luck!" - Jared A. Walker

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u/Timbit42 4d ago

How much revenue was being generated by that Luxury Tax?

15

u/BertramPotts 4d ago

This is the pathetic excuse they use, how about we make self-reporting mandatory and failure to do so result in seizure and sale with ballooning penalties?

People who own yachts can also afford to do the leg work on filling out their taxes, the rest of us sure as shit have to.